Egypt-based property technology (proptech) startup Isqan.com, has raised a six-figure investment in its pre-seed round from an undisclosed angel investor.
Founded last month by Ali Ezzat and Karim Kazem, Isqan.com is a property listing platform that automates real estate searches. The startup said that it had already partnered up with several market leaders ahead of its launch, including Egypt Best Properties, New Avenue, Byotat, Insider, B2B, Ultimate Real Estate, Remax, Irtkaz, Era, Daddy Estate Investment, Abrag and Proper Move.
“We created Isqan.com to simplify the home buying, selling, and renting process. Isqan.com is an easy way for today’s clientele to search for commercial and residential properties,” said Kazem. “We aim to tap into local and international property markets, ultimately revolutionising the Middle Eastern digital real estate landscape.”
According to Kazem, the funding will help the startup expand its user base and further strengthen its product.
“We set out to disrupt what real estate search should look like in Egypt,” Ali Ezzat, co-founder of Isqan.com. “We have created a new way to discover your next property purchase through an extremely simple and easy interface. The real estate market has been developing immensely over the past couple of years and there is a huge shift in the market to utilise more digital methods of attracting new customers.”